Rupee ends flat against dollar

KARACHI: The Pak Rupee ended flat against dollar on Tuesday amid higher demand for import and corporate demand.

The rupee ended Rs138.82 to the dollar from previous day’s close of Rs138.82 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.80 and Rs138.85.

The market recorded day high of Rs138.90 and low of Rs138.82 and closed at Rs138.82.

Currency experts said that the scheduled repayment of foreign loans had pressure on the local currency. However, they said that expected inflows of $4.1 billion during next few days would help the local currency to gain values.

The exchange rates in the open market were also flat.

The buying and selling of dollar was recorded at Rs138.30/Rs138.80 from previous day’s closing of Rs138.30/Rs138.70 in cash ready market.

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